And the trajectory is towards more restrictions. This rent index was just added. This was not in the July press release and it's clear intention is to base 'market' rents on index averagesand general trajectory of travel of the rules kinda tell you everything you need to know.
trajectory is towards more restrictions.
The new system was approved by the Cabinet last week or the week before, so the Heads of the Bill should be on the way shortly. I'd say they'll produce something in NovemberIs there more information on when the new legislation is supposed to be published? I know that November was announced but I read very little on that since then.
That is crazy - it makes no sense.Unfortunately, during the IPOA-hosted webinar, representatives from the Department of Housing explicitly confirmed that the lower rent would continue to apply where a previous tenancy ended due to a no-fault eviction—even in the event of a property sale. Although the legislation has not yet been published, this seems to reflect the intended policy direction.
I suspect at this stage that owner occupiers are the major purchasers anyway. I went to view a house today out of curiosity in a rental area. Open viewing so a large crowd because the house is in move-in condition and went on the market at a reasonable price (bidding has now pushed it much higher). All young couples or young people with parents. I spoke to the auctioneer as well. She had one enquiry from an investor, everybody else is a first time buyer. She has a few down sizers as well.So this has the potential to come back to bite them when investors are not interested and the only option is to sell to an owner occupier .
Very good question @Millie*Have I broken the no fault eviction rule at all?
Yes, even the rules have rules associated with them. It's FUBAR and not going to get any better.so many rules
So you have to sell it or use for a family member. Its not that complicated..I have terminated a current tenancy under current rules before no fault evictions become law.
While the issue isn’t complex, the core concern is that the property would be sold at a diminished value—since it cannot re-enter the rental market at the prevailing market rate.So you have to sell it or use for a family member. Its not that complicated..
That specific question wasn’t addressed. However, it was asked whether existing exemptions—such as a property being off the rental market for two years—would still apply after March 26. The representatives were unable to confirm either wayIs this the situation, I'm A and I sell, B buys it and it is his family home, B sells it a number of years later to an investor and the investor's rent is €1,000 plus 2% pa. Is that correct?
Would you mind sharing the source where you read that?When I try to dig a bit deeper I have read that no fault evictions only come into law in 1/3/26.
I think their point is what happens if they sell it, new buyer lives in it, then sells in 3yrs. Is the rent still capped back to what it was 3yrs prior? That hardly seems fair. It also will not increase the supply of new rental properties, if an old below market rate follows the property for years, even when notice was served before the new laws came into effect.sell it or use for a family member.
So be it...thats what the Govt have decidedsuits neither landlord or tenant.
Are we really not to point out the national implications of this? That feels like giving up. I recently spoke with a TD who hadn’t grasped the details of the proposals, and once I laid out certain elements, he recognised the issues they would create.So be it...thats what the Govt have decided
I understand your sentiments, and perhaps the government are deliberately or blindly going to make things worse.So be it.